Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,900 |
| 1 Bedroom | $1,950 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,680 |
| 5 Bedrooms | $4,269 |
| 6 Bedrooms | $4,781 |
| 7 Bedrooms | $5,163 |
| 8 Bedrooms | $5,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,300 | $306,363 | 0.75% | D |
| 3BR | $2,900 | $310,643 | 0.93% | C |
| 4BR | $3,680 | $376,272 | 0.98% | C |
| 5BR | $4,269 | $487,907 | 0.87% | C |
U.S. Census Bureau data (2024)
Aubrey, zip code 76227, sits in Denton County as a rapidly expanding exurb often referred to as "Horse Country USA" due to its sprawling ranches and equestrian culture. While the area retains a semi-rural character, new master-planned communities are emerging to accommodate growth. For employment context, many residents commute toward the greater Dallas metro, with Peterbilt Motors Company operating a major manufacturing headquarters in nearby Denton, providing a stable economic base for the region.
From a financial perspective, the rental math presents a distinct advantage for voucher holders. The HUD Fair Market Rent (FMR) for a 2-bedroom unit is $2,470, whereas the prevailing market rent (Zillow ZORI) sits significantly lower at $1,643. This creates a favorable $827 spread between the subsidy ceiling and actual market rates. Median home values are currently $364,004, with a median 2BR sale price of $319,673, though investors should note that inventory moves relatively slowly with a median days on market of 82 days.
The tenant pool here is robust, characterized by high earning potential despite a renter share of only 22.6%. The median household income is $111,402, suggesting that even renters are likely financially stable or upwardly mobile. Families are drawn to the highly-rated Aubrey Independent School District, and while public transit is minimal, the area’s appeal lies in its spacious lots and access to major thoroughfares like US Highway 380, facilitating commutes to employment hubs.
The Section 8 verdict for 76227 leans heavily toward stability and risk mitigation. Because the FMR is substantially higher than market rents, voucher tenants effectively have access to the best inventory in the ZIP without price competition. Combined with the low renter share and high incomes, this market offers investors a defensive play where subsidized payments comfortably exceed local norms, minimizing vacancy risk even in a slower-moving sales environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.